TISAX
Automotive standard for information security assessments exchange
APRA CPS 234
Australian prudential standard for information security resilience
Quick Verdict
TISAX provides standardized assessments for automotive supply chains, enabling trust and market access, while APRA CPS 234 mandates resilient info sec for Australian finance with strict testing and notifications. Organizations adopt TISAX for contracts, CPS 234 for regulatory compliance.
TISAX
Trusted Information Security Assessment Exchange (TISAX)
Key Features
- Secure exchange of assessments via ENX portal
- Tiered levels: AL1 self to AL3 onsite audits
- Automotive-specific prototype protection controls
- VDA ISA catalog with maturity scoring 0-5
- Builds on ISO 27001 ISMS framework
APRA CPS 234
APRA Prudential Standard CPS 234 Information Security
Key Features
- Board ultimate responsibility for information security
- 72-hour notification for material incidents to APRA
- Third-party managed assets fully in scope
- Systematic independent testing of controls
- Asset classification by criticality and sensitivity
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
TISAX Details
What It Is
TISAX (Trusted Information Security Assessment Exchange) is an industry framework developed by ENX Association and VDA for automotive supply chain security. It standardizes assessments of information protection, focusing on CIA triad and automotive specifics like prototypes. Risk-based approach uses VDA ISA catalog (70+ controls) with maturity levels.
Key Components
- Seven control groups: Policy, Organization, Personnel, Physical Security, Access, Cryptography, Operations.
- Three assessment levels: AL1 (self), AL2 (remote), AL3 (onsite).
- Built on ISO 27001 ISMS; modular objectives (e.g., prototype protection).
- ENX portal for 3-year label exchange; no annual audits.
Why Organizations Use It
Contractual OEM mandates drive adoption; non-compliance risks revenue loss. Benefits: reduces duplicate audits (70-90%), enhances market access, mitigates breaches (€4.5M avg cost), builds trust. Strategic ROI via efficiency, resilience in €2.5T chain.
Implementation Overview
Phased: Preparation (gap analysis), Remediation (controls, table-tops), Audit, Sustainment. 6-18 months; scalable for SMEs to globals. ENX-accredited audits required for labels. Targets OEMs, Tier 1/2 suppliers, service providers.
APRA CPS 234 Details
What It Is
APRA Prudential Standard CPS 234 (Information Security) is a binding regulation issued by the Australian Prudential Regulation Authority. Effective from 1 July 2019, it mandates risk-based information security governance and cyber resilience for APRA-regulated financial entities, including banks, insurers, and superannuation funds. Its scope covers all information assets, including those managed by third parties, focusing on minimizing impacts to confidentiality, integrity, and availability.
Key Components
- **Governance and accountabilityBoard ultimate responsibility (para 13), defined roles (para 14).
- **Core requirementsCapability maintenance, asset classification, commensurate controls, incident response, systematic testing, internal audit assurance.
- Approximately 24 paragraphs of enforceable obligations; no fixed control count, but assurance-driven model.
- Compliance via evidence of testing, reporting; no formal certification.
Why Organizations Use It
- Mandatory for APRA-regulated entities to avoid penalties, enforcement.
- Enhances operational resilience, reduces cyber risks, protects stakeholders.
- Builds trust, enables sound operations amid threats.
Implementation Overview
Phased approach: gap analysis, policy framework, asset inventory, controls, testing program. Applies to all sizes in Australian financial sector; requires annual testing, 72-hour incident notifications. Internal audit validates compliance.
Key Differences
| Aspect | TISAX | APRA CPS 234 |
|---|---|---|
| Scope | Automotive info sec, prototypes, supply chain | Financial sector info sec, CIA triad, third parties |
| Industry | Automotive suppliers, global OEMs | Australian banks, insurers, super funds |
| Nature | Voluntary industry assessment, ENX labels | Mandatory prudential regulation, enforceable |
| Testing | AL1-3 audits, maturity levels, 3-year validity | Systematic testing, annual reviews, independent audit |
| Penalties | Contract loss, no labels, reputational | Fines, enforcement, supervisory actions |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about TISAX and APRA CPS 234
TISAX FAQ
APRA CPS 234 FAQ
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